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Crucial HR KPIs you need to make data-driven decisions

Business Management Daily

These are all questions that measure the effectiveness of your human resources department, and the best way to answer them is by paying attention to essential HR KPIs (key performance indicators). Yet, there’s no shortage of human resources KPIs out there, so how do you know which you should track? How is that?

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What Is Employee Turnover and Employee Retention?

Bonusly

When we talk about employee turnover, we mean the number of employees who leave an organization over a specified timeframe, typically one year. On the other hand, employee retention is number of employees an organization keeps during a given period. Retention is the percentage of employees who stay at an organization over a set period.

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RPO Improves Long-Range Talent Placement

Aberdeen HCM Essentials

A recent survey showed that for every 1% increase in the likelihood that companies will expand their spend on RPO, they increase the likelihood of reducing employee turnover by 47%. The Best-in-Class are taking note that their short-term needs are not feeding into their long-term goals for talent retention and goals alignment.

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4 HR management trends coming to 2018

HR Morning

When it comes to HR management, evolving technology and a shift in workforce needs will continue to shape the trends we’ll see in 2018. . As HR professionals seek ways to operate more effectively, let’s examine four of the key trends the human capital management experts at EPAY Systems believe will hit your radar screen as 2018 unfolds.

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10 Benefits of Outsourcing HR

Extensis

From small businesses that outsource the bulk of their HR function to medium-sized organizations that may need specialized support, many employers partner with professional employer organizations (PEOs) and human resource outsourcing (HRO) providers. SOC 1 Type 2 compliance , confirming commitment to service, security, and compliance.

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Human Resource Management: How it Works, Main Objectives, and HR Technology

Netchex HR Blog

What is Human Resource Management? Human Resource Management (HRM)—also known as Human capital Management (HCM)—includes the hiring, development, and administration of employees. If HRM can reduce turnover and improve retention, then your company can reduce hiring expenses and training replacements.

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6 tips for employers in an employee’s market

Insperity

To avoid losing people to post-pandemic turnover , companies are wise to step up their efforts to keep employees happy, engaged and motivated. That’s why recruiting and retention are major focuses in an employee’s market. It should be very much part of your day-to-day management of, and interactions with , people on your team.